Agora Inc ADR (NASDAQ: API) Shares Have Loss -19.66% Over The Past Month

Agora Inc ADR (NASDAQ:API) has a beta value of 0.00 and has seen 2.12 million shares traded in the last trading session. The company, currently valued at $238.48M, closed the last trade at $3.27 per share which meant it gained $0.53 on the day or 19.34% during that session. The API stock price is -96.64% off its 52-week high price of $6.43 and 49.54% above the 52-week low of $1.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.65 million shares traded. The 3-month trading volume is 1.90 million shares.

The consensus among analysts is that Agora Inc ADR (API) is Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.

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Agora Inc ADR (NASDAQ:API) trade information

Sporting 19.34% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the API stock price touched $3.27 or saw a rise of 3.54%. Year-to-date, Agora Inc ADR shares have moved 24.33%, while the 5-day performance has seen it change 11.22%. Over the past 30 days, the shares of Agora Inc ADR (NASDAQ:API) have changed -19.66%. Short interest in the company has seen 1.48 million shares shorted with days to cover at 0.3.

Wall Street analysts have a consensus price target for the stock at $7.56, which means that the shares’ value could jump 56.75% from current levels. The projected low price target is $2.63 while the price target rests at a high of $12.5. In that case, then, we find that the current price level is -282.26% off the targeted high while a plunge would see the stock lose 19.57% from current levels.

Agora Inc ADR (API) estimates and forecasts

Figures show that Agora Inc ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 18.48% over the past 6 months, with this year growth rate of 76.14%, compared to 19.20% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -15.81% over the past 5 years.

API Dividends

Agora Inc ADR is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Agora Inc ADR (NASDAQ:API)’s Major holders

The top two institutional holders are SUSQUEHANNA INTERNATIONAL GROUP, LLP with over 8.19 million shares worth more than $17.36 million. As of 2024-06-30, SUSQUEHANNA INTERNATIONAL GROUP, LLP held 8.8017% of shares outstanding.

The other major institutional holder is ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC, with the holding of over 2.75 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.83 million and represent 2.9562% of shares outstanding.